The crypto market today has shown a modest recovery, inching up by 0.19% to $3.28 trillion. Intraday trading volume sank by 7.81% to $139.18 billion. The Fear & Greed Index reflects neutral sentiment at 48, showing cautious moves by investors and traders.
Bitcoin Awaits the Bulls
Rising treasury yields and dollar strength have significantly hampered BTC's move to $100k. BTC price has grown a negligible 0.44% in the past 24 hours to $94,103.99. Trading volume dropped 4.75% to $57.79 billion, with Bitcoin's market cap steady at $1.86 trillion. Bitcoin witnessed an inflow of $34 million through ETFs yesterday.
Altcoins Today: ETH, SOL Slip, While XRP Gains
Ethereum, the second-largest cryptocurrency, saw a minor dip of 0.24%, trading at $3,235.44. Solana declined 1.71% to $185.52, while XRP stood out with a notable 2% gain, trading at $2.33. These mixed trends highlight ongoing volatility in the altcoin space.
Top Gainers and Losers in the Market
Top gainers include Bitcoin SV (BSV) at +14.38% to $59.53, IOTA at +11.03% to $0.3401, and Fantom (FTM) at +6.16% to $0.6952. On the losing side, VIRTUAL fell by 9.52% to $2.88, and SPX6900 decreased by 6.52% to $1.09. The rise of BSV and IOTA underlines renewed interest in mid-cap coins, while VIRTUAL's decline reflects temporary bearish pressure.
The cryptocurrency market continues to remain volatile, with data indicating a cautious approach by investors. Nonetheless, there is renewed interest in mid-cap coins like BSV and IOTA.
